A big benefit of Daffy is that when you contribute cash, stock, index funds, or crypto to your fund, you're able to take an immediate tax deduction for those contributions, invest those assets to increase potential impact, and have time to pick charities to support.
Below are key dates to ensure your contributions qualify for a 2023 tax deduction.
Cash (ACH bank transfer via Plaid, Apple Pay, or debit/credit card)
Initiate on Daffy by December 31, 2023 at 11:59 pm PST
Stock and ETF
Initiate with your broker by December 15, 2023, as broker processing times vary, and the stock must be received and verified by Daffy by December 29, 2023.
Initiate wallet transfer and must be cleared by the specified blockchain by December 31, 2023 at 11:59 pm PST. You may need to initiate your crypto contribution before December 31 as transfer timing varies by blockchain.
Initiate your grant to "Daffy Charitable Fund" (Tax ID: 86-3177440) with your existing provider by December 15, 2023, as grant processing times vary.
Note on Donations
While donations to the end charity are not subject to end-of-year deadlines, we know that is important to many of our members that charities receive their donations during the holiday season. Please submit your donation by December 15, 2023 and we’ll do our best to get it out as quickly as possible.
*While an existing DAF transfer is not tax-deductible, this will help ensure that these funds will be available this calendar year for donation recommendations. It will also save you fees in 2024!
Daffy is not responsible for delays caused by a brokerage firm, DAF provider, or charity.